Housing development pilot program expands to new cities
The latest in this situation
- Bloomberg Philanthropies provides grants and support for housing solutions in Austin.
- The pilot program expands to include Charleston, Chattanooga, Nashville, and Atlanta, with Durham also participating.
- An initiative led by Bloomberg Philanthropies aims to speed up housing development using models developed in Atlanta, Austin, and San Diego.
- A group utilized successful models originating from Austin, Texas, and Atlanta, Georgia.
How it started
Philanthropic Initiative Tests Housing Reforms from Texas and Georgia
What happened
Bloomberg Philanthropies selected Portland as one of 15 cities to test housing reforms that have been successful in other parts of the country, including California, Texas, and Georgia. These reforms aim to address permitting times, accessory dwelling unit approvals, and backlogs of affordable housing projects. For example, Austin, Texas, legalized up to three homes on most single-family lots and shrank minimum lot sizes, which led to nearly quadrupled permits.
From pressherald.com
Why it matters
The initiative provides cities with funding and expert support to implement zoning and permitting changes. These reforms, such as those used in Austin, Texas, directly impact housing supply and the speed of construction, which can influence local real estate markets.
From pressherald.com
Who's involved
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Dallas may face pressure to accelerate housing reformsDallas may face pressure to accelerate housing reforms to maintain market competitivenessPossible
- City council may adopt housing reform models from Austin and AtlantaCity council may adopt new housing reform blueprints from Texas and GeorgiaPossible
How it developed
Newest first. Tap a step to see who reported it.- An initiative led by Bloomberg Philanthropies aims to speed up housing development using models developed in Atlanta, Austin, and San Diego.Sub-event
Group applies successful models developed in Austin and Atlanta.1 source